VanEck Semiconductor ETF · SMH

Money flow in VanEck Semiconductor ETF is neutral. The Flow & Accumulation Score reads 45/100 — neither buyers nor sellers are dominating, and capital commitment is balanced. Chaikin Money Flow at 0.07 is marginally positive, with On-Balance Volume flat — there is no strong conviction from either buyers or sellers at present. Volume is running at 1.7x the 20-day average — above normal, suggesting increased participation.

The trend in VanEck Semiconductor ETF is positive. The Trend & Momentum Score reads 68/100, with price above the key 50-day and 200-day moving averages — the intermediate and long-term trend structure is intact. Price is 26.5% above the 200-day moving average — a substantial distance that reflects the strength of the long-term move but also suggests the asset is far from its long-term mean.

Short-term momentum is fading even as the longer-term trend remains positive. The 10-day rate of change has turned negative (-0.7%) while the 63-day (21.9%) remains positive — a pattern that often signals a pullback within an uptrend. RSI at 55 sits near the midline — momentum is essentially neutral, with neither buyers nor sellers showing clear dominance. The MACD histogram remains positive despite the short-term momentum dip — the broader momentum trend has not yet shifted, though the histogram direction warrants monitoring.

Price is 5.6% above the 50-day moving average (44th percentile of its historical range). Bollinger Band %B at 0.61 shows price in the upper half of its recent volatility range.

Notable support sits at $195 — $223, 50% below, with 9 signals converging — major swing at $198, double bottom at $199, major swing at $200, double bottom at $205, and 5 other signals. Resistance sits at $406 — $424, 1% above — intermediate swing at $421, SMA-21 at $408, and SMA-10 at $413. The volume Point of Control over the past year sits at $284, where the most trading activity occurred — a significant level if price revisits that area.

The risk-return profile of VanEck Semiconductor ETF is excellent. The Risk Profile Score reads 87/100 — strong returns with well-contained downside, a combination that supports meaningful position sizing. The 1-year Sortino Ratio of 2.1 is strong — returns have been well above what the downside volatility would justify. Maximum drawdown over the past year was -26.2%, indicating the losses, when they came, were contained. With a beta of 0.33, VanEck Semiconductor ETF is less sensitive to broad market moves — a defensive characteristic that can reduce portfolio volatility.